Muchadoodoo, there was no oil! And the little that is there someone gets hijacked…
And how can Obama be blamed for gas prices? He just took get the keys to the White House last January and believe me, he won’t be spending his 8th month in office on vacation in Crawford, Texas.
The prices in the stations around UCLA jumped around 7 cents a gallon a couple of days ago, just prior to graduation weekend when thousands of families drive in.
But I’m sure it was due to crude prices and production costs.
Machado - Obama doesn’t have the Cheney /Bush ties, like conjoined twins, to the oil industry. It WAS the huge profit taking on oil that pushed the world economy over the edge of the precipice we’d been skirting for a long time.
Actual consumption of gas is not what is driving the price up. It is the speculations on oil futures. This was stated by dredpirate and me a day ago. Also in the summer we always get hammered by higher prices- the gas companies have always held us hostage and the worm is in the process of turning, by way of hybrids, and cars with greater fuel efficentcy.
There is the psychological side of this, too. Once the $4.00/gal ceiling has been broken, even if we go down to $2/gal., it’s much easier to go back up. This time it’s happening a little slower and in the summer, but I seem to remember most experts predicting quite some time ago that it would go back up and stay up.
Sure fennec. There’s OIL and then there’s GAS. To get from one to the other, you need refineries. We have more than everyone else, so our GAS has to travel further to get to the consumer.
Maybe if our OIL traveled less miles (like drilling our own resources), we’d pay less for it!
Right - problem is we’ve already drained most of the easy resources. Even if we were to drill ANWR, that would only last six months at current rates.
And DrCanuck is right – we have the lowest gas prices outside of Saudi Arabia. European prices are much the same cost as ours – per liter.
deadheadzan almost 15 years ago
I can live with $2 a gallon price but above that fogetta bout it. The speculation on gas is what is driving up the price, not supply and demand.
mackado almost 15 years ago
I wonder what happened to all this oil that the lefties said we we were stealing from IraQ?
And noticed how Obama is not responsible for the current Gas hikes but Bush was responsible for every penny..
MaryWorth Premium Member almost 15 years ago
Muchadoodoo, there was no oil! And the little that is there someone gets hijacked…
And how can Obama be blamed for gas prices? He just took get the keys to the White House last January and believe me, he won’t be spending his 8th month in office on vacation in Crawford, Texas.
riley05 almost 15 years ago
The prices in the stations around UCLA jumped around 7 cents a gallon a couple of days ago, just prior to graduation weekend when thousands of families drive in.
But I’m sure it was due to crude prices and production costs.
Dtroutma almost 15 years ago
Machado - Obama doesn’t have the Cheney /Bush ties, like conjoined twins, to the oil industry. It WAS the huge profit taking on oil that pushed the world economy over the edge of the precipice we’d been skirting for a long time.
deadheadzan almost 15 years ago
By all means, regulate speculation and off market trading and flood the market with the SPR.
deadheadzan almost 15 years ago
Actual consumption of gas is not what is driving the price up. It is the speculations on oil futures. This was stated by dredpirate and me a day ago. Also in the summer we always get hammered by higher prices- the gas companies have always held us hostage and the worm is in the process of turning, by way of hybrids, and cars with greater fuel efficentcy.
cdward almost 15 years ago
There is the psychological side of this, too. Once the $4.00/gal ceiling has been broken, even if we go down to $2/gal., it’s much easier to go back up. This time it’s happening a little slower and in the summer, but I seem to remember most experts predicting quite some time ago that it would go back up and stay up.
MaryWorth Premium Member almost 15 years ago
ANandy said “Just some more of that hope and change we were promised”
ANandy, change is right and some on the right are scared of that change!
Right_On almost 15 years ago
“Obama should flood the market with the SPR and then refill it at the lower price.”
This didn’t work when Clinton did it. Why try again?
Right_On almost 15 years ago
Sure fennec. There’s OIL and then there’s GAS. To get from one to the other, you need refineries. We have more than everyone else, so our GAS has to travel further to get to the consumer.
Maybe if our OIL traveled less miles (like drilling our own resources), we’d pay less for it!
danielsangeo almost 15 years ago
“Maybe if our OIL traveled less miles (like drilling our own resources), we’d pay less for it! ”
Can you guarantee that “our own resources” will remain “our own” after drilling?
Motivemagus almost 15 years ago
Right - problem is we’ve already drained most of the easy resources. Even if we were to drill ANWR, that would only last six months at current rates. And DrCanuck is right – we have the lowest gas prices outside of Saudi Arabia. European prices are much the same cost as ours – per liter.